PM Madbouly appoints Hamdy Badawi as assistant to FRA chair

Egypt’s Prime Minister Mostafa Madbouly has issued Decree No. 443 of 2026 appointing Hamdy Mahmoud Badawi as Assistant to the Chairperson of the Financial Regulatory Authority (FRA).

Badawi brings more than 26 years of experience in criminal investigations and the fight against financial crime. A 1997 graduate of the Police Academy, he holds a Diploma in Private Law, a Diploma in Commercial Law, and a Master’s degree in Law from Ain Shams University. His academic qualifications complement his extensive security background, equipping him with specialised expertise in addressing complex financial and economic offences.

He began his career at the General Department of Public Funds Crimes Investigation Police, where he progressed through a series of leadership roles. Over the years, he led efforts to combat currency crimes, smuggling, capital market violations, and illicit fundraising schemes. His work has focused on detecting and analysing evolving patterns of financial crime, particularly money laundering, terrorist financing, capital market offences, and illegal investment activities.

After joining the FRA, Badawi headed the Anti-Money Laundering and Counter Terrorism Financing. He later supervised the Central Administration for Oversight of Insurance Sector Professionals and served as Deputy Assistant to the Chair. In these capacities, he contributed to strengthening supervisory frameworks and enhancing compliance and governance systems across the non-banking financial sector.

In addition to his executive responsibilities, Badawi is an accredited lecturer at the FRA’s Financial Services Institute, where he delivers specialised training programmes on anti-money laundering and counter-terrorist financing. His academic engagement underscores his commitment to institutional capacity building and promoting a culture of compliance.

Badawi is widely recognised for his expertise in developing financial oversight mechanisms, analysing economic crime trends, and reinforcing governance and compliance standards; efforts that support market integrity, safeguard stakeholders’ rights, and enhance the stability of Egypt’s non-banking financial sector.